Rich Man’s World

Gender Distribution of the Stage 3 Tax Cuts
by Matt Grudnoff

The stage 3 tax cuts will go mainly to male, high income taxpayers. Half will go to the top 10%, 72 per cent going to the top 20 per cent while the bottom half get only five per cent and the bottom 20 per cent get nothing. Men will get twice as much of the tax cut as women.

The Government has claimed that young women are some of the biggest beneficiaries of their income tax cuts over recent years. But the stage 3 tax cuts, which the Government has committed to introduce after the next election, will see most of the benefit go to high income older men.

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